Clarification: Marifil Re-Acquires Las Aguilas Platinum-Nickel-Copper Project.SPOKANE, Wash. -- MARIFIL MINES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MFM (Modified Frequency Modulation) The magnetic disk encoding method used on most floppy disks and most earlier hard disks under 40MB. MFM has twice the capacity of the previous FM method, transfers data at 625 Kbytes per second and uses the ST506 interface. ) has re-acquired ownership of the San Luis Platinum-Nickel-Copper project in San Luis Province San Luis is a province of Argentina located near the geographical center of the country (on the 32º South parallel). Neighboring provinces are, from the north clockwise, La Rioja, Córdoba, La Pampa, Mendoza and San Juan. , Argentina.BHPBilliton (BHPB) had been exploring the 30,432 hectare project and spent about US$1.7 million during the past 18 months.Overall, more than US$8.0 million has been spent on this large target area. BHPB's target objective was to find a "Tier 1 nickel deposit," which they define as one containing about 50 million tonnes grading 2-3% nickel.BHPB's internal report on the project concludes that "a number of" smaller sized targets "remain to be tested." BHPBilliton did not investigate the platinum potential of the property. Marifil's property includes the Las Aguilas deposit containing an historical resource of 2.2 million tonnes grading about 0.5% copper and 0.5% nickel (this is not a NI43-101 compliant reserve.) This resource was determined by Fabricaciones Militares ("FM") (Argentina Geological Survey), who carried out almost 10,000 meters of diamond drilling between 1970 and 1984. The Corporation believes this resource to be relevant to the extent that it shows that significant quantities of disseminated to semi-massive pyrrhotite, pentlandite pentlandite (pĕnt`ləndīt), yellowish-bronze, opaque mineral, a sulfide of iron and nickel, (Fe,Ni)9S8. It is found in masses nearly always associated with the iron sulfide pyrrhotite. and chalcopyrite are present and constitutes a valid exploration target.This resource occurs within a large fold and mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. is open-ended down dip along the plunge of the fold. Marifil geologists recognized the platinum potential of this project and assayed one of the central holes in the deposit.This hole contains 42.0 m grading 1.10 g/t platinum group metals (PGE's) including 3 m grading 9.096 g/t platinum + 0.453 g/t palladium.This high ratio of platinum to palladium is significant because platinum is worth roughly 4.5 times as much as palladium. Marifil intends to assay the diamond drill cores for platinum and to start a platinum exploration program. This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Executive Vice President of Marifil.Both are Qualified Persons, as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. Marifil Mines Ltd. (TSX VENTURE:MFM) |
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